In January-July Ferrexpo plc increased pellets output by 2.6% YoY, to 6.165 million tons. Concentrate manufacture grew by 6.5%, to 7.712 million tons. In July the group produced 812 thousand tons of pellets and 1.113 million tons of concentrate. (Ukrainian metal)
In January-June Ferrexpo received $270.35 million of net profit, up by 77.6% YoY. The growth is mostly due to the higher ore prices and the increase of sales. Revenue went up by 28%, to $787 million, and EBITDA – by 59%, to $372 million. (Ukrainian metal)
In January-March Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid 736.4 million UAH of taxes to budgets of various levels. Thus, PGOK paid 599 million UAH, EGOK – 133.9 million UAH and BGOK – 3.5 million UAH. In particular, PGOK paid 76 million UAH to the local budget, 78 million UAH to…
Ferrexpo AG, which owns 99.11% of the Poltava Mining and Processing Works shares, has squeezed-out shares from the minor shareholders and accumulated all the 100%. Ferrexpo announced the squeeze-out in May. The price of the shares was 34.24 UAH as opposed to their initial cost of 9.96 UAH. In 2018 PGOK increased net profit by…
Until the end of the year Ferrexpo plans to buy 400 gondola cars. The decision is due to the strategic plans of Ferrexpo to increase pellets output. In early 2019 Yeristovo Mining and Processing Works purchased 200 gondola cars from Kryukovsky Works, bringing the combined total to 2.6 thousand cars. (Ukrainian metal)
The annual shareholders meeting of Ferrexpo has approved record-high dividends for 2018 – $0.231 per share, up by 40% YoY ($0.165). Shareholders owing 99.73% of shares voted for the final dividends in the amount of $0.06 per share. The meeting also reviewed the company operational report for 2018, with 66.69% voting in favor of it,…
In 2018, Ferrexpo invested over 3.5 billion UAH (more than $139 million) in the development of Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 2.414 billion UAH ($90 million), and EGOK and BGOK – 1.073 billion UAH ($40 million). PGOK spent the funds mostly to maintain its operation (806 million UAH),…
Ferrexpo AG will squeeze out Poltava Mining and Processing Works shares from minority shareholders. The price of each share will be 34.24 UAH with their nominal cost of 9.96 UAH. Ferrexpo AG owns 189,313.087 million ordinary shares, or 99.11% of PGOK. (Ukrainian metal)